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DKNG wheel strategy yields
Last price $21.81 · Expiry 2026-12-04 (32 DTE) · IV 66% · Next earnings 2026-11-05
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
51.3% annualized
- Strike
- $20.0
- Premium (mid)
- $0.90 (bid 0.78 / ask 1.02)
- Yield
- 4.5% (premium ÷ strike)
- Delta
- -0.296
- Option IV
- 67.0%
- Open interest
- 27
Covered call
32.9% annualized
- Strike
- $25.0
- Premium (mid)
- $0.63 (bid 0.51 / ask 0.75)
- Yield
- 2.89% (premium ÷ price)
- Delta
- 0.27
- Option IV
- 64.9%
- Open interest
- 13
Selling one DKNG put requires ~$2,000 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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